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XPeng's robotics business completes over $900 million first funding round at $6.3 billion post-money valuation

XPeng Group's robotics business has completed a first funding round of over $900 million at a post-money valuation of $6.3 billion, led by IDG Capital with participation from Gaorong Ventures, and with Tencent and Alibaba joining as strategic investors. The funds will be used for software and hardware R&D, training and iteration of physical AI models, data collection, construction of mass-production facilities, and global commercialization. The IRON humanoid robot has 76 degrees of freedom across its body and 21 degrees of freedom per hand, carries 3 Turing AI chips, and has 2250 TOPS of on-device compute; mass production is planned for the end of 2026, with external deliveries to begin in 2027.

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